Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Tuesday, May 19th. Shareholders of record on Monday, August 17th will be given a dividend of 0.125 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th.
Oxford Lane Capital Price Performance
Shares of Oxford Lane Capital stock opened at $23.65 on Wednesday. Oxford Lane Capital has a 52-week low of $22.58 and a 52-week high of $24.98. The business’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $23.51.
About Oxford Lane Capital
Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.
Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.
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